Dear Sirs,
A Wholly owned subsi. company incorporated and the money received from its foreign collaborators for share capital.Please tell me Form FCGPR to be filed for that and Valuation certificate from A Chartered accountant also required .

The question is whether the private company at the time of its formation i.e. incorporation can appoint a person as MD. A person could be appointed as MD by the articles of association too in terms of section 2(26). In private limited company, a person could be appointed for more than five years - even for life so long as the company remains a private company. Remuneration to MD could be fixed and changed from time to time. With regard to efiling, at the time of first filing of form 32 also, the appropriate choice could be clicked instead of director as Managing Director. If it is not available, file first as director prior to incorporation and then as MD may be immediately after incorporation.

A public ltd co (unlisted)
As present have the following directors:

1.Mr A Director
2.Mr B Diector ( appointd on May,75)
3. Mr C Additional director ( appointd on dec,10)

Now to Retire Mr. B & Mr C. in March, 2011(Reason Resignation)

And to appoint Mr X and Mr Y in Feb 2011

What will be proper procedure to appoint Mr X and Mr Y under the following conditions?

1. Appoint them as Additional Director

Or

2. Appoint them as Director.


With regards

Raaj.

Can anyone plz... tell me and refer the respective section .... whether a trust can provide loan to Pvt. or public limited if yes then how and what should be the rate of interest.

If a private company gives a loan to a Trust (which is a Related Party to the Company), with or without interest, which is created for the benefit of Employees, Does this transaction violate the provisions of Companies Act. Please inform me the various Compliance provisions under companies Act and which sections will apply.


Urgent

Suppose if a pvt. ltd. company refuses to pay its creditor a genuine debt, due to its creditor, can provision of S. 274 be invoked thereby disqualifying all the directors.

Dear all,

One of the promoter of the Company (public Limited), which is proposed to be incorporated had purchased a land for the Company, by executing the Contract on behalf of the Company.

But he has made the payment to the other party by getting loan from another Company.

The arrangement was in such a way that the Loan made by the promoter shall be repaid by the Company which is to be incorporated.

So, now can the Company can ratify the agreement after its incorporation and pay the loan that has been made by the promoter.

Kindly reply at the earliest.

Hello All,

according to EES the company which is not having a business from 01/04/2008 is eligible, i want to know that when a company is incorpororated in July'08, but has not carried any business operations till date is also a defunct company & eligible under this scheme

thanks

What is the procedure to be adopted when the remuneration of a Manager exceeds the limit at a later point of time, say one year? Should EGM be convened, forms 23 and 25C be filed again ?

can a addition director be removed before the ensuing AGM,where letter of resignation has been received from the concerned director containing his inability to continue his Directorship.
Note:(Public Limited Co. Closely held)

With Regards

Raaj

Dear all,

A private limited company has to be incorporated in the state of Maharashtra within the jurisdiction of ROC MUMBAI. the applicant will be the director in the said comapny but would not subscribe for any shares. is it necessary for the applicant to subscribe for the shares?